Keystone Advisers

New Keystone Advisers transaction: Sale of Aditro Logistics

Pressmeddelande   •   Jul 02, 2012 09:00 CEST

Valedo has reached an agreement to acquire Aditro Logistics, a leading Nordic carrier-independent third party logistics supplier. The investment is made in partnership with the management team and board of Aditro Logistics. With Valedo as new majority owner, Aditro Logistics will be given additional resources to drive growth and expand the service offering.

Aditro Logistics offers carrier-independent third party logistics services within e.g. warehouse storage, handling, value added services and distribution within both Business-to-Business and Business-to-Consumer. Aditro Logistics operates in Sweden, Norway and Finland with a total of approx. 150 000 square meters of warehouse space divided between six logistics centers. Aditro Logistics has a solid customer base with well known brands within e.g. retail and consumer goods. By combining carrier-independence together with profound logistics expertise, Aditro Logistics can offer its customers customised solutions of high quality in Aditro Logistics’ own warehouses or directly at the customers’ own sites (“branch concept”). Aditro Logistics has demonstrated solid organic growth and currently generates revenue of SEK ~400 million with approx. 300 employees in Borås, Jönköping, Kopstad (Norway), Turku (Finland) and branches in Skillingaryd and Finnerödja.

Aditro Logistics is acquired from the outsourcing services company Aditro which is focused on HR-, payroll- and financial administration services.

The management and board of Aditro Logistics will co-invest alongside Valedo. Jan Sjöqvist (chairman of Nobina and former board member of Green Cargo) and Jan Sundling (chairman of SJ and former CEO of Green Cargo) will be appointed as board members of Aditro Logistics. The board is expected to be complemented with members with relevant industrial expertise.

Keystone Advisers acted as advisor to the seller Aditro and Nordic Capital in the transaction.

Keystone Advisers is a fully independent Corporate Finance firm offering advice related to mergers and acquisitions (M&A), divestitures, as well as various financing arrangements. The firm has advised on approximately 140 transactions to a variety of different clients in a number of sectors since the inception in 2000. Keystone Advisers is a Partner owned firm and where the founders have experience from Investment Banking and Management Consulting from some of the largest global institutions. We are a team of 12 Corporate Finance professionals at the Stockholm office and in addition we have an own organization in the Baltic countries. Keystone Advisers aims to be the leading mid-market M&A advisory firm in the Swedish market.